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This handbook summarizes your rights and benefits as a member of the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund (1977 Fund).
The 1977 Fund was established to pay pension, disability, and survivor benefits to eligible public safety officers and their survivors.
Effective July 1, 2011, the Board of Trustees of the Indiana Public Retirement System (INPRS) will administer the fund. After that time, any references made to the PERF Board in handbooks and other written materials will mean the INPRS Board.
The Fund consists of member contributions, employer contributions, and earnings. These amounts are used to make benefit payments to Fund members and their survivors as specified by Indiana statutes.
This handbook explains the benefit provisions to the members and employers of the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund.
Membership in the 1977 Fund is mandatory for full-time, fully-paid police officers and firefighters who work for employers participating in the 1977 Fund and who are hired or rehired after
April 30, 1977.
However, to become a member of the 1977 Fund, a police officer or firefighter must:
Members of the 1977 Fund may purchase up to two years of military service credit, under certain conditions.
Members of the 1977 Fund may purchase, at full actuarial cost, prior service in other public retirement funds including the Public Employees' Retirement Fund, Indiana State Teachers' Retirement Fund, State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Enforcement Officers' Retirement Plan, the State Police Trust and the Sheriff's Pension Trust.
Members of the 1977 Fund may purchase, at full actuarial cost, service earned out of state in a position for which the 1977 Fund would give credit if the service were earned in Indiana.
Section Two: Contributions